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Originally published by Capital Businessbusiness
July 6, 2026
2h ago
Report says IMF prioritises debt over public spending
The report, Still Cooking with a Failed Recipe, published by ActionAid, Education International and the Tax and Education Alliance, argues that the IMF's country-level policy advice continues to focus on fiscal consolidation even as it publicly promotes spending on health, educat..
✨ Key Highlights
A new report claims the International Monetary Fund (IMF) prioritizes debt repayment and austerity over public spending, despite its stated commitment to inclusive growth, particularly affecting countries like Kenya.
- Kenya's debt servicing accounts for 28.7 percent of government revenue, more than three times the allocation to health.
- The report, "Still Cooking with a Failed Recipe," was published by ActionAid, Education International, and the Tax and Education Alliance.
- The IMF advocates for fiscal consolidation and indirect taxation, limiting governments' ability to fund essential services like health and education.
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